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JPMorgan updates Bitcoin mining company ratings: Some are revised to neutral, multiple companies' stock target prices are lowered

JPMorgan updates Bitcoin mining company ratings: Some are revised to neutral, multiple companies' stock target prices are lowered

Bitget2025/03/14 02:09
BTC+0.34%

Golden Finance reports that JPMorgan Chase has announced updates to the ratings and target prices of listed Bitcoin mining companies based on the Q4 2024 earnings report, mainly including:

1. Upgrading IREN's rating from neutral to overweight, but lowering its target price from $15 to $12;

2. Downgrading Cipher Mining's rating from overweight to neutral, while withdrawing a target price of $8;

3. Reiterating an overweight rating for Riot Platforms and CleanSpark, and reducing their respective target prices to $13 and $12;

4. Rating MARA Holdings (MARA) as neutral, with the company's target price lowered from $23 to $18.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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